Brokerages Set Nu Holdings Ltd. (NYSE:NU) Target Price at $15.63

Nu Holdings Ltd. (NYSE:NU) has received an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $15.63.

A number of brokerages have issued reports on NU. KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group increased their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd.

Hedge Funds Weigh In On NU

A number of institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares during the period. Jennison Associates LLC increased its stake in NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. State Street Corp raised its stake in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. FMR LLC raised its position in shares of NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. 80.90% of the stock is owned by institutional investors.

NU Trading Up 4.2 %

Shares of NU stock opened at $12.25 on Monday. NU has a 1 year low of $8.06 and a 1 year high of $16.15. The company has a market capitalization of $58.38 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 0.58 and a beta of 0.99. The business has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $13.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.